By John Martin
Key recommendations in Human assets administration is a vital consultant to the theories and matters that outline the sector - from the severe debates to the simpler issues that each scholar will be conscious of.52 brief entries will serve to orientate the coed around the need-to-know necessities. Entries will comprise Employment Tribunals, merits, company Social accountability, self-discipline and complaint, keep an eye on, worker family, Incentive schemes, Motivation, Organizational tradition, Strategic HRM, Victimisation.A variety of correct HR functions could be given for every term.A number of instructed readings are steered for every access.
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Additional resources for Key Concepts in Human Resource Management (SAGE Key Concepts series)
The result is a pick-and-mix approach to matching the benefit package with employee needs and preference which can be achieved to maximise the benefit and impact for an employee and minimise cost 33 Martin-CH-B:Martin-CH-B 12/04/2010 7:02 PM Page 34 key concepts in human resource management to the employer. The advantages of a flexible benefits arrangement are (CIPD, 2007b): 34 • Employees choose benefits that best match their needs. • Employees value the chosen benefits more highly. • Flexible benefit schemes can help to minimise reward arrangement difficulties following mergers, acquisitions, harmonisation, etc.
That and the use of flexible benefit schemes require each benefit to be costed and each level within the organisation to be allocated a value of benefits available to it. In some flexible benefit schemes employees can elect to purchase (or sell) holiday leave days at the expense of (or to gain) other benefits that they might have access to. Equally it is not uncommon to find that employees are allowed to ‘purchase’ some benefits outside of the formal benefit scheme, for example a manager entitled to a particular size of company car could be allowed to upgrade it to a more expensive model in return for a monthly deduction from their salary.
Usually called flexible benefits (or sometimes by its older name of cafeteria benefits) it represents an opportunity for employees to select specific benefits and/or a level of particular benefits as appropriate to their circumstances. This reflects a benefit in itself as it provides for the benefit entitlement of the employee to be quantified and each benefit available to be valued. The result is a pick-and-mix approach to matching the benefit package with employee needs and preference which can be achieved to maximise the benefit and impact for an employee and minimise cost 33 Martin-CH-B:Martin-CH-B 12/04/2010 7:02 PM Page 34 key concepts in human resource management to the employer.
Key Concepts in Human Resource Management (SAGE Key Concepts series) by John Martin